Friday, September 07, 2012

Links Sep 7

India Panel Suggests Tax Evasion Rule Be Deferred by Three Years NASDAQ
Sep 6 - "An expert panel appointed by India's government has recommended that the implementation of a much-debated rule
introduced to fight tax evasion - GAAR - be deferred by three years."Philippines: DOJ forms panel to probe Corona tax evasion raps ABS CBN News
Sep 7 - On a Department of Justice investigation into tax evasion charges
filed by the Bureau of Internal Revenue (BIR) against former Chief
Justice Renato Corona and family members.Argentina tightens grip on credit card purchases to stem capital flight and tax evasion Washington Post
Aug 31 - "Argentina just made it more expensive for its people to use credit cards
outside the country, and more dangerous for cardholders who aren’t
paying all the taxes they should." Tax officials looking into 30 Argentine transfers of football players Fox Sports
Aug 24 - "Money laundering tricks range from basic to complex and
sophisticated ... including cash, international
transfers, shell companies, and the illegal use of non-banking
professionals to move money. In particular, selling rights to a
player or team's image for undeclared amounts was being
increasingly used to evade taxes."

Guatemala to strengthen fiscal management with IDB financing The Guatemala Times
6
Sep - "Guatemala will receive $237.2 million in financing from the
Inter-American Development Bank (IDB) to consolidate fiscal management
and sustainability by supporting reforms that will help increase tax
revenues, strengthen tax administration, and regulate national and
municipal debt."

French and Swiss to re-discuss tax agreement swissinfo
Sep 6 - "France has so far rejected the idea of a bilateral accord with the Swiss
concerning tax evasion, preferring an automatic data exchange as also
demanded by the European Union. The accord suggested by the
Swiss Bankers Association would allow French residents who are account
holders to remain anonymous."

Greece Steps Up Tax Evasion Crackdown With Asset Freezes Bloomberg
Sep 7 - "The Greek finance ministry’s
economic crimes unit has frozen bank accounts, shares and
properties in 121 tax evasion cases ...
“Tolerance of tax evaders, no matter how high up they are,
is over,” Finance Minister Yannis Stournaras said." Italy: Government in 'war of civilisation' against tax evasion Gazetta Del Sud
Sep 7 - "Premier
Mario Monti said:
"We have launched a war of civilisation against tax evasion
and other things that it would be reductive to consider solely
as economic or financial, but which undermine trust in those
near and far and in the State."What the Italians can teach us about tax avoidance The Independent
Aug 19 - Some great commentary on "The Monti recipe."Tax planning? Or tax cheating? Los Angeles Times
Sep 7 - "Laws that encourage corporate tax havens are bad for America ... compounding the race to the bottom, Mitt Romney has stepped forward to congratulate corporate tax cheats." See Nick Shaxson's Vanity Fair piece on Mitt Romney here.

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The Tax Justice Network (TJN) is an international, non-aligned network of researchers and activists with a shared concern about the harmful impacts of tax avoidance, tax competition and tax havens.
www.taxjustice.net